Trump tariffs on India: India is facing the brunt of the tariffs imposed by the US, including the 25% duties levied as punitive damages for buying cheaper Russian crude. The current 50% tariffs by Donald Trump on India threaten $45 billion worth of India’s exports. Amid higher tariffs, India’s products might lose competitiveness, potentially benefiting…
A federal appeals court struck down most of President Trump’s Congress-averting global import tariffs Friday in a dispute that’s predicted to head to the US Supreme Court. The 7-4 ruling, issued by 11 judges for the US Court of Appeals for the Federal Circuit in Washington, D.C., allows the tariffs to remain in place while…
The Trump administration began sending letters on Monday to U.S. trade partners that higher import tariffs could kick in by Aug. 1. President Donald Trump’s 90-day pause on the April 2 “reciprocal” tariffs was set to end Wednesday. Trump signed an executive order Monday delaying Wednesday’s tariff deadline by a little over three weeks. Trump…
“In today’s increasingly volatile world, all parties must take shared responsibility,” he said. “Military force is not a viable solution to international disputes. It only fuels hatred and deepens division. We must not return to the law of the jungle or embrace hegemonism and unilateral dominance.” He also raised concerns about the threat of a…
The US trade war “will not kill Hong Kong” given the city’s increasingly diversified exports in recent years, with only 3 per cent of goods expected to be affected, the Trade Development Council has said. Council director of research Irina Fan Yuen-yee said on Saturday that only about half of Hong Kong’s exports to the…
US President Donald Trump has said that Chinese President Xi Jinping called him amid the trade war between Washington and Beijing. Trump’s comments come as reports are saying that China is ‘quietly’ rolling back some of its tariffs on the US. China and US have been at loggerheads since April 2 when Donald Trump announced…
Amid a tariff war with United States, China on Sunday, April 20, warned all countries against striking up broader business deals with America that undermine its interests. Chinese Commerce Ministry warned the world in a statement that Beijing will take “countermeasures in a resolute and reciprocal manner” if any deals with the US are made…
International investors are accelerating their efforts to channel capital to the Hong Kong and mainland Chinese markets amid the US tariff war, the finance chief has said, pledging to promote the city’s status as a safe haven for global funds and as a free port. Financial Secretary Paul Chan Mo-po noted on Sunday that in…
International investors are accelerating their efforts to channel capital to the Hong Kong and mainland Chinese markets amid the US tariff war, the finance chief has said, pledging to promote the city’s status as a safe haven for global funds and as a free port. Financial Secretary Paul Chan Mo-po noted on Sunday that in…
Washington’s plans to exempt some electronic devices from its 125 per cent so-called “reciprocal” tariffs has provided a glimmer of hope for Chinese suppliers serving major US multinationals such as Apple and Tesla, but the road ahead for China’s vast electronics sector still appears tough, analysts and industry insiders say. Many smaller Chinese electronics firms…